Financing Arrangement means with respect to Parent and its Subsidiaries the (i) sale, transfer or other disposition of any of the assets or property owned by Parent or its Subsidiaries on terms whereby they are leased or re-acquired by Parent or its Subsidiaries, (ii) sale, transfer or other disposition of any of its receivables on recourse terms, (iii) entering into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts, or (iv) entering into any other preferential arrangement having a similar effect, in each case in circumstances where the arrangement or transaction is entered into primarily as a method of raising Indebtedness or of financing or refinancing all or part of the acquisition of assets or property or the cost of installation, construction or improvement thereof, in each case which results in an Encumbrance on such assets or property.
Financing Arrangement means an arrangement officially recognised by a Member State providing financing through contributions from insurance and reinsurance undertakings in the territory of that Member State to ensure the effective application by the resolution authority of the resolution tools referred to in Article 26(3) and the powers referred to in Articles 40 to 52;
Financing Arrangement means an arrangement for the purpose of ensuring the effective application by the resolution authority of the resolution tools and powers as referred to in Article 100(1) of Directive 2014/59/EU;
Examples of Financing Arrangement in a sentence
Financing Costs, for the purpose of determining the Actual Equipment Cost, shall be evidenced by (1) providing a statement from the Approved Lender of all incurred or accrued interest charges and related financing costs or charges owing by TBITEC in connection with the Financing Arrangement or (2) if TBITEC uses its own funds, a calculation of accrued interest certified by an officer of TBITEC.
TBITEC shall have the right to assign its right to receive the Acquisition Payment for security, with the prior written consent of the Chief Executive Officer, which consent shall not be unreasonably withheld, to a reputable nationally recognized lender or lending institution ("Approved Lender") in connection with the financing of the TBITEC-Procured Equipment authorized herein (the "Financing Arrangement").
In connection with TBITEC's request for consent to any such Financing Arrangement, TBITEC shall submit for the Chief Executive Officer's prior review and written approval any and all instruments and documents to be executed by, or binding upon, TBITEC in connection therewith (the "Financing Arrangement Documents").
In the event such Financing Arrangement is approved in writing by the Chief Executive Officer and the Acquisition Payment is so assigned, City shall not be bound, nor shall the terms, conditions, and covenants of the TBITEC Lease nor the rights and remedies of City hereunder be in any manner limited, restricted, modified, or affected by reason of the terms or provisions of the Financing Arrangement Documents.
Other than in connection with the Financing Arrangement permitted above, TBITEC shall not otherwise pledge, hypothecate, encumber, or mortgage the TBITEC Lease or its interest in the TBITEC Lease.
More Definitions of Financing Arrangement
Financing Arrangement means with respect to the Parent and its Subsidiaries the (i) sale, transfer or other disposition of any of the assets or property owned by the Parent or its Subsidiaries on terms whereby they are leased or re-acquired by the Parent or its Subsidiaries, (ii) sale, transfer or other disposition of any of its receivables on recourse terms, (iii) entering into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts, or (iv) entering into any other preferential arrangement having a similar effect, in each case in circumstances where the arrangement or transaction is entered into primarily as a method of raising Indebtedness or of financing or refinancing all or part of the acquisition of assets or property or the cost of installation, construction or improvement thereof, in each case which results in an Encumbrance on such assets or property.
Financing Arrangement means a system comprising the national fund, the financing arrangements of other Member States, the borrowing arrangement between the financing arrangements of Member States, and the mutualisation of national financing arrangements in the case of a group resolution;
Financing Arrangement means any credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing (excluding Intercompany Debts), entered into from time to time by a Party to a Financing Arrangement, as well as any security, hedging, forward sale or purchase agreement, derivative or other ancillary agreement entered into within the scope or as part of or otherwise in connection with, and/or designated as a finance document (or similar) pursuant to such credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing, regardless of the purpose, ranking, duration, security (if any), applicable law, or any other feature of any such Financing Arrangement(s), it being understood and agreed that the aggregate principal outstanding amount from time to time under all Financing Arrangements may not exceed EUR 1,500,000,000 (one point five billion euro) per Class (A or B) of Holders. For the avoidance of any doubt, for the purpose of calculating the aforementioned EUR 1,500,000,000 (one point five billion euro) threshold and assessing whether this threshold is reached, the amount of any Financing Arrangement entered into by a Party to a Financing Arrangement which is a direct shareholder of either Class A Holders or Class B Holders shall be added to the aggregate amount of all Financing Arrangements entered into by Class A Holders or Class B Holders respectively. As an exception, this definition does not apply to any kind of financing arrangement which is either (i) not (to be) secured by a Pledge or (ii) secured exclusively by a Share, share or Right referred to in Section 5.05.
Financing Arrangement means, with respect to any Stockholder, any pledge of, grant of security interest in, hypothecation, Lien or other encumbrance on shares of Company Stock, in each case, to the extent granted in favor of financial lenders to secure the obligations of such Stockholder in respect of borrowed money.
Financing Arrangement means any credit facility or other financing arrangement EPS or BRC may enter into solely for purposes of financing or refinancing the subscription for Shares up to EUR 1,200,000,000 by BRC and up to EUR 1,200,000,000 by EPS pursuant to the Rights Offering.
Financing Arrangement means any credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing (excluding Intercompany Debts), entered into from time to time by EPS, EPS Participations, BRC or any other Holder as well as any security, hedging, forward sale or purchase agreement, derivative or other ancillary agreement entered into within the scope or as part of or otherwise in connection with, and/or designated as a finance document (or similar) pursuant to such credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing, regardless of the purpose, ranking, duration, security (if any), applicable law, or any other feature of any such Financing Arrangement(s), it being understood and agreed that the aggregate principal outstanding amount from time to time under such Financing Arrangement(s) entered into by EPS, EPS Participations and the Class A Holder(s), on the one hand, and BRC and the Class B Holder(s), on the other hand may not exceed EUR 1,500,000,000 (one point five billion euro) per Class (A or B) of Holders. As an exception, this definition does not apply to any kind of financing arrangement which is either (i) not secured or (ii) secured exclusively by a Share, share or Right referred to in Section 5.05.
Financing Arrangement means any private placement of HoldCo Stock or equity interests of the Company, bridge financing or other debt financing, convertible notes offering, forward purchase arrangement, backstop commitment, equity commitment letter, equity line of credit or other similar financing arrangement, in each case as mutually agreed upon by the Parties, that closes, is committed to HoldCo or the Company, or is otherwise consummated prior to or concurrently with the Closing.